US Government To Support Mortgages Over $1 Million For First Time As Home Prices Ebb At Record Highs
The baseline conforming loan ceiling for mortgages sponsored by Fannie Mae and Freddie Mac in 2023 will be…
Stocks Rip Higher After Powell Says Fed Could Dial Back Interest Rate Hikes ‘As Soon As The December Meeting’
The SPDR S&P 500 ETF Trust (NYSE: SPY) jumped just minutes into Fed Chair Jerome Powell's Wednesday Brookings Institution speech when he suggested the Fed could begin easing back on its interest rate hikes
OPEC November Oil Output Falls 710,000 Barrels/Day From October To 29.10M Barrels/Day After OPEC+ Cut Decision
Opec's Quota-bound Members Comply With 163% Of Pledged Cuts In November
Opec's Quota-bound Members Undershoot Nov Output Target By 800,000 BPD Vs 1.36M BPD Shortfall In Oct
JOLTS: Number Of Job Openings Down In October, Hires & Separations Change Marginally
October Job Openings: 10.334 million vs. the consensus of 10.50 million and 10.687 million (revised) prior.
USA Pending Home Sales (MoM) for Oct (4.600)% vs (5.000)% Est; Prior (10.200)%
USA Pending Home Sales (MoM) for Oct (4.600)% vs (5.000)% consensus estimate. The prior reading was (10.200)%.
Nasdaq, S&P Futures Rise As Traders Eye Powell’s Speech For Interest Rate Cues — Tesla Gains, Energy And China Stocks In Focus
Trading in the index futures suggests that stocks may open mostly higher on Wednesday, with the Nasdaq Composite and the S&P 500 Index potentially snapping a three-session losing streak.
Michael ‘Big Short’ Burry Questions What Strategy Will Pull Americans Out Of Recession: ‘…There Are None’
"The Big Short" fame investor Michael Burry has voiced his concerns over a potential recession asking what strategies will pull people out of a recession.
The EU’s Reserves Are Nearly Full, But American Consumers Could Be In For A Hurting In 2023 As Europe Looks To Replace Russian Energy Imports
In October, the White House ruled out a ban on natural gas exports this winter in an attempt to help alleviate energy shortages in Europe.
Wharton Professor Jeremy Siegel Says 2023 Recession Odds ‘Virtually 100%’ If The Fed Doesn’t Pivot: Here’s What Needs To Happen
Wharton Professor of Finance Jeremy Siegel is anticipating a 0.50% rate hike from the Federal Reserve next month, but anything further and a recession is all but gu
Nasdaq, S&P Futures Jump As China Signals COVID-19 Policy Relief — Tesla, Alibaba, Energy Stocks In Focus
U.S. stocks could rebound on Tuesday following the China-induced sell-off seen in the previous session. The index futures were trading uniformly higher after a COVID-19 policy review by Chinese health officials.